The 48005 housing market is very competitive. The median sale price of a home in 48005 was $238K last month, down 24.9% since last year. The median sale price per square foot in 48005 is $188, up 7.4% since last year.
In March 2024, 48005 home prices were down 24.9% compared to last year, selling for a median price of $238K. On average, homes in 48005 sell after 40 days on the market compared to 13 days last year. There were 9 homes sold in March this year, up from 8 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$238,000
-24.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
48005, MI
$238,000
-24.9%
United States
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How hot is the 48005 housing market?
48005 is very competitive. Homes sell in 14 days.
0
100
81
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 14 days.
Hot homes
can sell for around list price and go pending in around 6 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Orville C. Krause Later Elementary School
Public • PreK-5
696
Students
2 reviews
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on 48005 housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in 48005.
Risk Factor
Flood Factor - Moderate
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
48005 has a moderate risk of flooding. 172 properties in 48005 are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in 48005. Flood risk is increasing slower than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
48005 has a moderate risk of wildfire. There are 1,042 properties in 48005 that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in 48005.